This ad will close in

Home Inc.

Audit Alert

The key to surviving an IRS audit: Know the rules.

What are the two words that taxpayers dread the most? That's right--"IRS audit." Now consider facing this daunting ordeal without the comforting presence of your tax advisor.

This is exactly the position June Langhoff found herself in on January 23, 1996, when her homebased business deductions came under question by the IRS. Langhoff is the owner of Softwords, a business writing and communications company she has run from her Pacifica, California, home for 15 years.

After an initial bout of panic when she received the audit notice and found that her tax advisor was not available to help, Langhoff gathered what she'd need to support her claims on the 1994 return. Armed with photos, receipts, work she'd done and more, Langhoff arrived at the IRS office prepared for the worst. Two hours later, she walked out owing only $225 and feeling pleasantly surprised.

Page 1 2 3 4 Next »

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the July 1997 print edition of Entrepreneur with the headline: Home Inc..

Loading the player ...

Forget Time Management. Do This Instead and Be More Productive.

Ads by Google

0 Comments. Post Yours.